Bitcoin made an attempted breakout earlier this week, reaching $72,000 before falling back to a local low of $65,500, marking its lowest point in four weeks.

Major larger-cap altcoins followed suit, with ETH dropping below $2,000, XRP almost touching $1.30, and BNB descending to around $610.

Bitcoin’s Latest Low

After hitting a ceiling at $76,000 last week, Bitcoin remained relatively stable around $70,000 until Monday morning, when it fell to $67,500 as traditional financial markets opened. The coin surged to nearly $72,000 later that day after a statement from Trump regarding a potential US-Iran de-escalation, but it quickly reverted back to $69,000 once Iran denied the claims. On Wednesday, BTC peaked at $72,000. However, bears intensified their selling pressure, leading to a drop to $69,000 on Friday, with BTC ultimately crashing to $65,500.

This represented a decline of over $6,000 in merely 48 hours. Although Bitcoin has rebounded slightly to above $66,000, it is still approximately 6% lower on a weekly basis, with a market cap shrinking to $1.325 trillion and its dominance among altcoins falling below 56%.

BTCUSD March 28
BTCUSD March 28. Source: TradingView

SIREN’s Remarkable Performance

In contrast, the AI-enhanced altcoin SIREN has surged over 100% and is currently trading above $1.60, although it still remains down by more than 50% from its all-time high of $3.60 reached earlier this week. Meanwhile, the altcoins AAVE and HASH fell by 5% and 9%, respectively, while many larger-cap coins have remained flat. Following prolonged declines, ETH has remained under $2,000, BNB is just above $610, and XRP is significantly below $1.35. Conversely, BCH and CC have recorded small gains of over 3%.

The total cryptocurrency market capitalization has seen a reduction of about $60 billion since hitting a peak last Friday, now standing at approximately $2.370 trillion.